Tamil Nadu Launches Shipbuilding Policy 2026 to Boost Green Tech and Shipyard Investments

Tamil Nadu has launched its Shipbuilding Policy 2026 to attract investments in large shipyards and promote sustainable maritime technologies. The policy offers incentives including up to 49% state equity participation, a 6,000 crore asset leasing model, capital subsidies, and production-linked benefits. It emphasizes green vessels powered by alternative fuels, green ship recycling clusters with environmental certifications, and support for eco-friendly marine component manufacturing. The policy aligns with India's Maritime Amrit Kaal Vision 2047 and includes workforce development and streamlined approvals to position Tamil Nadu as a global shipbuilding hub.